14 Nov 2025 | 5 Mins Read
Pine Labs lists at 9.5% premium from IPO price
Flipitmoney
Pine Labs listed on D-Street with a 9.5% premium at Rs 242, against the IPO price of Rs 221, following a 2.48 times subscription led by institutional demand. The fintech major has 988,000 merchants and covers a market share of Rs 116.8 lakh crore ($1.4 trillion) in digital payments, expected to reach Rs 256-276 lakh crore ($3.0-3.3 trillion) by FY2029.